Transport sector plans to reach public investment disbursement rate of 98% this year
As of the end of July, the ministry reports a disbursement rate of 49.2%, meaning that around 30.8 trillion VND had been disbursed.
A road project using public investment in Kim Thanh district, Hai Duong province. (Photo: VNA) |
As the sum of capital to be disbursed in the remaining months of this year remains large, at more than 45 trillion VND, the pressure to fulfil the public investment disbursement goal is significant.
Disbursement is being hampered too with numerous projects still in the process of completing investment procedures or facing with bottlenecks in site clearances, along with forecasts of unfavourable weather conditions on the way, the department said.
The department urged greater determination from developers and contractors to speed up the disbursement process and added they will be keeping close watch on progress.
In 2025, the ministry plans to disburse around 77.642 trillion VND worth of public investment, an increase of 5.175 trillion VND compared with the previous plan.
The total public investment planned to be allocated to the Ministry of Transport is 396.435 trillion VND in 2021-25 period.
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